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Bank Reo Foreclosures News

RealtyTrac: May Foreclosures Drop Thursday, June 16, 2011 @ 1:10AMRealtyTrac, an online marketplace for foreclosure properties, reported Thursday that foreclosure filings in May declined both sequentially and year-over-year. The report showed that one in every 605 U.S. housing units received a foreclosure filing during the month. In its U.S. Foreclosure Market Report for May, RealtyTrac said foreclosure filings were reported on 214,927 U.S. properties in May ...
New Push to Unload Bank-Owned Properties Squeezes Out Investors Tuesday, June 14, 2011 @ 11:45AMAs big banks and Fannie Mae and Freddie Mac push foreclosures through the pipeline, the inventory of bank-owned properties is rising. They're offering incentives for buyers, but investors are getting squeezed out of the equation.
Foreclosure Sales Centered in Few States, So Why Should We Care? Thursday, May 26, 2011 @ 11:15AMEarlier this week, when we got the report of a bump up in sales of newly constructed homes, I cautioned that the home builders are still facing huge competition from distressed properties. Today we have some new numbers showing just how big and how widespread that competition is.
Foreclosures for sale: Big supply, low prices Thursday, May 26, 2011 @ 6:58AMThere's a three-year inventory of homes in foreclosure for sale, and that's devastating home prices.
Foreclosures: Big Supply Means Low Prices Thursday, May 26, 2011 @ 6:04AMThere's a three-year inventory of homes in foreclosure for sale, and that's devastating home prices.
Short Sales Pressure Home Prices Thursday, April 7, 2011 @ 1:46PMHome prices fell 6.7 percent in February year over year, according to a new report from CoreLogic. That numbers includes distressed sales, that is, sales of foreclosed properties or short sales, where the bank agrees to let the homeowner sell for less than the value of the mortgage. If you take those sales out, however, home prices were basically flat.
Housing Faces "Double-Dip" In U.S. West Thursday, April 7, 2011 @ 12:32PMHousing's still hurting something bad in the U.S. Existing-home sales slid back down to 4.88 million in February, according to the National Association of Realtors, and new-home sales are nearing 50 year lows, according to the U.S. Census Bureau and HUD's recent joint report. Foreclosures continue to flood the market and housing data firm Corelogic reported last week that a staggering 1.9 ...
RealtyTrac: Feb. Foreclosure Declines - Update Thursday, March 10, 2011 @ 12:40AMRealtyTrac, an online marketplace for foreclosure properties, Thursday said foreclosure filings in February declined 14 percent from the previous month and 27 percent from last year. According to RealtyTrac Chief Executive Officer James Saccacioa, the activities decreased as the industry is in the midst of a major overhaul that has severely restricted its capacity to process foreclosures. The ...
Investors' Foreclosure Appetite Grows, Headaches Arise Tuesday, February 22, 2011 @ 10:04AMInvestors are flocking to home foreclosure sales in California and other states where banks have rescheduled auctions postponed last year to fix loan-servicing flaws.
Parts Of Valley See Improvements In Home Prices In 2010 Sunday, February 13, 2011 @ 4:02AMThe "Biggest Loser" in Las Vegas is not a reality TV show, the university football team or even the unfortunate saps who keep the lights aglow on the Strip. It's homeowners in ZIP code 89119 around McCarran International Airport, where the median home
Treasure Coast foreclosure filings dip, but lender repossessions rise Thursday, February 10, 2011 @ 12:36AMWhile foreclosure filings of all kinds fell sharply in the Treasure Coast and around Florida, the number of lender repossessions continues to increase.
Foreclosure Activity Increases 1 Percent in January According to RealtyTrac(R) U.S. Foreclosure Market Report Wednesday, February 9, 2011 @ 11:09PMForeclosure Activity Down 17 Percent From Year Ago; REO Activity Increases 12 Percent From December
Foreclosure Activity Increases 1 Percent in January According to RealtyTrac(R) U.S. Foreclosure Market Report Wednesday, February 9, 2011 @ 11:00PMIRVINE, CA--(Marketwire - 02/10/11) - RealtyTrac ( www.realtytrac.com ), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report for January 2011, which shows foreclosure filings -- default notices, scheduled auctions and bank repossessions -- were reported on 261,333 U.S. properties in January, a 1 percent increase ...
2010 Foreclosure Activity Down in Hardest-Hit Markets, but Increases in 72 Percent of Major Metros Nationwide Wednesday, January 26, 2011 @ 11:08PMRISMEDIA, January 27, 2011—RealtyTrac, a leading online marketplace for foreclosure properties, released its 2010 Year-End Metropolitan Foreclosure Market Report, which shows that while foreclosure activity increased from 2009 in 149 of the nation’s 206 metropolitan areas with a population of…
Buyer’s market for 2010 Tuesday, January 18, 2011 @ 11:44PMThe final numbers reflecting real estate activity in 2010 have been posted. Many consumers took advantage of historic buying opportunities.
Foreclosures being actively marketed Tuesday, January 18, 2011 @ 6:54PMCOVINGTON — One in four homes for sale in Newton County is a foreclosed property, according to a review of foreclosure trends by RealtyStore, a national consumer-focused provider of residential foreclosure listings.
Homeowners falling behind on mortgages, repossessions rise Thursday, January 13, 2011 @ 10:07PMOne in 14 property owners with mortgages in the Scranton/Wilkes-Barre/Hazleton metro area was 90 days or more behind on their payments last year, and repossessions hit a high mark. An analysis by real estate data firm Core Logic showed the 90-day delinq
Homeowners falling behind on mortgages; repossessions rise Thursday, January 13, 2011 @ 9:35PMOne in 14 property owners with mortgages in the Scranton/Wilkes-Barre/Hazleton metro area was 90 days or more behind on their payments last year, and repossessions hit a high mark. An analysis by real estate data firm Core Logic showed the 90-day delin
December Foreclosure Filings Slump By Biggest Annual Amount In History As Fraudclosure Clampdown Persists Thursday, January 13, 2011 @ 6:16AMRealtyTrac has reported its December foreclosure data: at a total of 257,747 default notices, foreclosure auctions and bank repossessions, total foreclosure activity dropped by 1.8% in December and 26.3% from a year earlier, "the biggest annual drop in foreclosure activity since RealtyTrac began publishing its foreclosure report in January 2005 and giving December the lowest monthly total since ...
The Future of Foreclosure Wednesday, January 12, 2011 @ 11:26AMFor all that I said that the legal issues involved in the foreclosure mess are surpassingly…
State's foreclosure filings plunge 42% Wednesday, December 15, 2010 @ 7:46PMState's foreclosure filings plunge 42%
Foreclosure Discounts Fail to Woo Buyers Thursday, December 2, 2010 @ 9:49AMNEW YORK (TheStreet) - Despite deeper discounts, sales of foreclosed-upon homes declined last quarter while prices of ordinary homes got a lift. RealtyTrac, which maintains an extensive library of foreclosure data, said Thursday that the average sales price of homes in some stage of foreclosure was more than 32% below comparable properties not in the foreclosure process. That was up from a 26 ...
Foreclosures sell at a 32% discount the in third quarter Thursday, December 2, 2010 @ 9:39AMForeclosed properties are selling at a discount that can only be described as HUGE!
Want a 32% Discount on a Home? Buy a Foreclosure Thursday, December 2, 2010 @ 9:26AMAmazing deals were available on defaulted homes in the third quarter.
Foreclosures make up 25 percent of U.S. home sales Tuesday, November 30, 2010 @ 11:20PMForeclosure homes accounted for 25 percent of all U.S. residential sales in the third quarter of 2010, the latest report by RealtyTrac shows.
Three Day Auction of 400 Atlanta Foreclosures Offers Buyers Bonanza of Deals Tuesday, November 16, 2010 @ 10:16AMBargain hungry buyers, combing the housing market for deals, are scooping up foreclosed homes like hotcakes because of their discounted prices. Â Hudson & Marshall will auction 400 bank-owned homes in Atlanta November 19th-21st.
Q&A: Todd Yovino, Island Advantage Realty Thursday, November 11, 2010 @ 1:42PMAs owner/broker of Huntington-based Island Advantage Realty, Todd Yovino is Long Island's most prolific marketer of foreclosed homes, also known as REO (real estate owned) properties. With five offices and more than 150 salespeople, Island Advantage has sold more bank-owned houses than any other real estate brokerage in Nassau and Suffolk counties for the last [...]
Call It The Trickle-Along Theory Friday, November 5, 2010 @ 5:03AMCENTURY CITY, CA-The pace of REO sales and foreclosures is quickening, although the deal volume remains nowhere near the flow that was once expected, according to speakers at Reznick and Ballard Spahr’s ‘Strategies and Solutions for Real Estate Workout and Recapitalization Challenges,’ an event held here Wednesday.
How Will Foreclosure Moratorium Impact San Diego? Thursday, October 21, 2010 @ 10:49AMAn audio recording of this interview will be posted here within a few hours of the live broadcast. A transcript will also be added within 24 hours. Thank you for your patience.
Washington Federal Reports Quarterly Net Income of $16.0 Million and $118.7 Million for Its Fiscal Year Thursday, October 21, 2010 @ 7:14AMSEATTLE, WA--(Marketwire - October 21, 2010) - Washington Federal, Inc. ( NASDAQ : WFSL ), parent company of Washington Federal, today announced earnings of $15,963,000 or $.14 per diluted share for the quarter ended September 30, 2010, a 66% increase over the same quarter one year ago when Company reported net income of $9,605,000 or $.11 per diluted share. Earnings for the fiscal year ended ...
Title Insurer Profit Climbs Despite Mortgage Chaos Wednesday, October 20, 2010 @ 3:58PMFidelity National beat Wall Street profit and revenue estimates, citing strong mortgage demand and fee revenue.
Fidelity National Financial, Inc. Reports Third Quarter 2010 EPS of $0.36 Wednesday, October 20, 2010 @ 3:11PMFidelity National Financial, Inc. , a leading provider of title insurance, mortgage services, specialty insurance and information services, today reported operating results for the three-month and nine-month periods ended September 30, 2010.
Banner Corporation Announces Third Quarter Results Wednesday, October 20, 2010 @ 3:00PMWALLA WALLA, Wash. -- Banner Corporation , the parent company of Banner Bank and Islanders Bank, today reported that it had a net loss of $42.7 million in the third quarter ended September 30, 2010, compared to a net loss of $4.9 million in the immediately preceding quarter and a net loss of $6.4 million in the third quarter a year ago.
Tina Fingerman From Tropic Shores Announces New Issues With Foreclosure Fraud And Robo Signing Affecting Spring Hill ... Wednesday, October 20, 2010 @ 10:55AMNew York - (1888PressRelease) Fraudulent Foreclosure Practices and Robo Signing by Big Banks and Foreclosure Mills are causing major issues in the Hernando County Real Estate Market as well as other parts of the Country.
Strimple earns Real Estate Specialist designation Wednesday, October 20, 2010 @ 8:26AMJulia Strimple has been recognized by the American Real Estate University (AREU) as an REO Specialist, a designation that requires an intensive course of study and examination to complete. Fewer than one percent of all real estate licensees have earned this recognition.
Who Will Rescue Trapped Americans? Monday, October 18, 2010 @ 12:31PMEdi tor’s Note: News coverage of the Chilean mine rescue treated the story as either a matter of tear-filled human interest or (bizarrely) proof of how successful Chile’s “free-market reforms” have been, without insights into how profits-first cost-cutting had led to the mine collapse or how it was the government – not private enterprise – that led the successful rescue effort.
Foreclosure Expert Fears Moratorium will Endanger Fragile Housing Recovery Friday, October 15, 2010 @ 1:35PMTINLEY PARK, IL -- A moratorium on home foreclosures will weaken housing's fragile recovery and may threaten the economy with a double-dip recession, says Jim McClelland, a leading expert in foreclosures.As president of Mack Companies, the Midwest's largest home redeveloper, McClelland has purchased more than 40,000,000 in distressed properties throughout Chicago's south and west suburbs. He ...
Guest Post: Why Is the White House Against Freezing Foreclosures? A Look At The Fed's Suddenly Worthless Trillions In ... Thursday, October 14, 2010 @ 3:15PMSubmitted by Nomi Prins, first posted on AlterNet Why Is the White House Against Freezing Foreclosures in the Face of Rampant Fraud? At first, there was a deafening silence from Treasury Secretary Tim Geithner and Fed Chairman Ben Bernanke on the foreclosure front. It was as if they: 1) didn’t read the news; or 2) were afraid someone would notice afresh their incompetence in dealing with the ...
The Terranova Group Adds Seasoned Real Estate Developer, Richard Parvey, To Executive Team Wednesday, October 13, 2010 @ 10:45AMGREENVILLE, S.C.--(BUSINESS WIRE)--The Terranova Group, a leading service provider of specialized asset management and disposition services, expanded its executive team with the addition of Richard Parvey as director of land development. Parvey brings more than twenty years of land acquisition and development experience to the company. CEO of The Terranova Group, Rob Haney, said, “We are pleased ...
The Terranova Group Adds Seasoned Real Estate Developer, Richard Parvey, To Executive Team Wednesday, October 13, 2010 @ 10:35AMThe Terranova Group, a leading service provider of specialized asset management and disposition services, expanded its executive team with the addition of Richard Parvey as director of land development.
Local News Tuesday, October 12, 2010 @ 1:45PMReal estate sales and prices are moving back up on Maui. Closings of single-family homes through the first three quarters of this year, as reported by the Multiple Listings Service of the Realtors Association of Maui, were up to 616 in Maui County, compared with 462 from January to September 2009.
Is Residential Real Estate Recovering? Tuesday, October 12, 2010 @ 1:45PMFrom The Daily Capitalist I recently published an article on the commercial real estate market, Is Commercial Real Estate Recovering?" In this article I will examine residential real estate. It is difficult to forecast a bottom of the housing market because of the "shadow" market and government and legal issues which thwart foreclosures. While some markets are firming up and foreclosure sales ...
Bank of America's Big Freeze Chills Housing Recovery Friday, October 8, 2010 @ 12:53PMBank of America extended its foreclosure freeze to all 50 states as it continues internal "assessments" of its foreclosure practices. "Our ongoing assessment shows the basis for our past foreclosure decisions is accurate," reads their statement.
Over 300 Foreclosed Homes Auctioned in Minneapolis and Milwaukee October 15th -17th Friday, October 8, 2010 @ 11:29AMBoth Owner Occupant and Investor Buyers Will Find Variety of Homes to Bid On
The Politics of Foreclosure Thursday, October 7, 2010 @ 1:56PMYou're not in political fashion these days if you're not "demanding" a federal investigation into shoddy foreclosure procedures or "ordering" a freeze on foreclosures for the foreseeable future, even though you might not exactly have the jurisdiction to do so.
Big week with foreclosures Wednesday, October 6, 2010 @ 4:07PMAttorney Richard D. Vetstein. continues to report about the legal angles of foreclosure. This week, he explains the Bank of...
Second-quarter foreclosures drop compared to 2009 Wednesday, October 6, 2010 @ 2:02PMForeclosures across South Carolina dropped more than 10% in the second quarter of 2010 compared to the second quarter of 2009, according to a real estate market report on residential housing.
Voros: Lawyers fees bloom along foreclosure paper trail Tuesday, October 5, 2010 @ 3:48PMIf you have ever financed a home purchase, you have been through the tedious and almost comical signing process that completes the sale.Signatures and initials are required on dozens of mortgage documents as a notary public watches over.
Voros: Lawyer fees bloom along foreclosure paper trail Tuesday, October 5, 2010 @ 3:48PMEvery foreclosure requires a whole new set of legal documents. Because of improprieties in that paperwork, thousands of foreclosures are being called into question.
Gary Stein: The Big Squeeze -- Unwitting Tenants Caught Between Defaulting Owners and the Banks Thursday, September 30, 2010 @ 2:42PMAn interesting by-product of any downturn in an economy is that you can categorize the stakeholders into four categories -- victims, users, scavengers and survivors.